Monday, 1 July 2013

Is Hayek’s Road to Serfdom Still Relevant Today?

By Thomas DiLorenzo
You be the judge. Here are some quotations from Hayek’s most famous book:

“We have progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past” (p. 67).

“[I]ndividualism [means] respect for the individual man qua man, that is, the recognition of his own views and tastes as supreme in his own sphere . . .” (p. 68).

“The fundamental principle [of liberalism is] that in the ordering of our affairs we should make as much use as possible of the spontaneous forces of society, and resort as little as possible to coercion . . .” (p. 71).